Five Star Business Finance has received approval to raise Rs 5000 crore through issuance of Non-Convertible Debentures (NCDs) on private placement, in one or more tranches and/or series from time to time. The Board of Directors of the Company at its meeting held on February 25, 2023, has inter-alia considered and approved the same.
Five Star Business Finance is an NBFC-ND-SI providing secured business loans to micro-entrepreneurs and self-employed individuals.